Sapiens International’s (SPNS) “Market Perform” Rating Reaffirmed at William Blair

William Blair reissued their market perform rating on shares of Sapiens International (NASDAQ:SPNS) in a research note released on Friday morning,RTT News reports.

A number of other equities research analysts also recently commented on SPNS. StockNews.com downgraded Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Needham & Company LLC reduced their price objective on shares of Sapiens International from $44.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Finally, Barclays lowered their target price on shares of Sapiens International from $38.00 to $30.00 and set an “underweight” rating for the company in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $36.00.

Sapiens International Price Performance

Sapiens International stock opened at $28.29 on Friday. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average price of $33.28 and a 200 day moving average price of $34.76. Sapiens International has a 12-month low of $25.59 and a 12-month high of $41.22. The stock has a market cap of $1.58 billion, a P/E ratio of 22.28 and a beta of 1.15.

Sapiens International (NASDAQ:SPNS) last announced its quarterly earnings results on Monday, November 11th. The technology company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). Sapiens International had a return on equity of 17.61% and a net margin of 13.23%. The firm had revenue of $137.00 million for the quarter, compared to analyst estimates of $140.10 million. During the same quarter in the prior year, the business earned $0.32 EPS. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. Sell-side analysts anticipate that Sapiens International will post 1.42 earnings per share for the current year.

Hedge Funds Weigh In On Sapiens International

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of Sapiens International by 2.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,036,915 shares of the technology company’s stock worth $35,183,000 after purchasing an additional 25,623 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Sapiens International by 14.6% during the 2nd quarter. Renaissance Technologies LLC now owns 681,004 shares of the technology company’s stock worth $23,106,000 after buying an additional 87,001 shares in the last quarter. Janus Henderson Group PLC boosted its position in Sapiens International by 0.3% in the 3rd quarter. Janus Henderson Group PLC now owns 603,429 shares of the technology company’s stock valued at $22,490,000 after buying an additional 1,679 shares during the period. Wellington Management Group LLP grew its stake in shares of Sapiens International by 14.6% in the third quarter. Wellington Management Group LLP now owns 594,552 shares of the technology company’s stock worth $22,159,000 after acquiring an additional 75,866 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Sapiens International during the second quarter worth $16,616,000. 30.73% of the stock is currently owned by hedge funds and other institutional investors.

About Sapiens International

Sapiens International Corporation N.V. provides software solutions for the insurance industry in North America, the United Kingdom, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides various solutions for property and casualty commercial and personal lines, life and pensions, and reinsurance fields.